04 Appendices, Glossary & Abbreviations
APPENDIX A

Appendix A

INDEX OF ANNUAL REPORTING REQUIREMENTS FOR THE CEFC

As a Commonwealth statutory authority, the CEFC has a range of annual reporting requirements set by legislation, subordinate legislation and reporting guidelines.

This Index of Annual Report Requirements for the CEFC is set out with reference to the source of the requirement — it can be used as a checklist as to which rules apply to the CEFC and how these requirements have been met in the Annual Report (the Table of Contents and the Index can be used to browse by subject matter).

As part of the Australian Government’s Public Management Reform Agenda, during the year the main provisions of the PGPA Act came into effect, and the former CAC Act was repealed. Transitional legislation was also passed.

The Finance Minister’s Orders (Financial Statements for reporting periods ending on or after 1 July 2011) made under the CAC Act were repealed. Financial Statements are now prepared under the Public Governance, Performance and Accountability (Financial Reporting) Rule 2015 (‘FRR’); and Australian Accounting Standards (‘AAS’) and Interpretations issued by the Australian Accounting Standards Board (‘AASB’) that apply for the reporting period.

The Public Governance, Performance and Accountability (Consequential and Transitional Provisions) Rule 2014 provides that the former Commonwealth Authorities and Companies (Annual Reporting) Orders 2011 remain in effect for reporting on the 2014–15 year notwithstanding the repeal of that instrument.

Legislative reference

Nature of Obligation

How and Where Reported Against

Reporting Obligations under PGPA Act

Section 46

CEFC must prepare an annual report in accordance with any rules and provide to the Responsible Ministers by 15 October each year

If, as at the end of the financial year, less than half of the funds invested for the purposes of the Corporation’s investment function are invested in renewable energy technologies— an explanation of the reasons why

The Clean Energy Finance Corporation (CEFC) invests commercially to increase the flow of funds into renewable energy, energy efficiency and low emissions technologies. The CEFC has supported projects across the Australian economy, benefitting a diverse range of businesses, large and small. The CEFC’s mission is to accelerate Australia's transformation towards a more competitive economy in a carbon constrained world, by acting as a catalyst to increase investment in emissions reduction. The CEFC does this through direct investments which attract private sector finance, as well as through its strategic co-financing partners. The CEFC was created by the Australian Government and operates under the Clean Energy Finance Corporation Act 2012. More information is available on the CEFC website: www.cleanenergyfinancecorp.com.au